PEC

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Financial Results for the Year Ended 30 June 2018 ("FY18")

Highlights :
1. Revenue of S$335.9 million for the year ended 30 June 2018 (FY18), supported by demand for overseas maintenance services
2. Revenue from maintenance services improved by 24% to S$226.6 million
3. The main contribution of the division’s revenue came from China, Vietnam and Singapore
4. Group net profit after tax came in at S$11.7 million in FY18 against S$13.9 million previously
5. Excluding the impact of foreign exchange, the net profit after tax was S$11.8 million for FY18, as compared with FY17’s S$10.5 million.
6. As at 30 June 2018, the Group maintained a net cash position of S$78.3 million
7. As at 30 June 2018, net asset value per share was 90.5 cent
7. The orderbook stands at approximately S$46.5 million as at 30 June 2018, excluding maintenance contracts
8. Proposed final dividend of 2 cents per share.

More details in :
1. http://infopub.sgx.com/FileOpen/PEC%20Q4...eID=523281
2. http://infopub.sgx.com/FileOpen/PEC%20Pr...eID=523282

PEC today closed at 0.610 (+0.015), up 2.521%.

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PEC secures contracts worth S$250m with existing clients

PEC Ltd. has secured S$250 million worth of new contracts with existing clients in its key Asia and Middle East markets.

These include a contract in the Middle East, where the Group will provide engineering, procurement and construction (EPC) works for a crude oil tank terminal with a storage capacity of approximately 600,000m3 . When this project is completed in 2020, PEC would have built more than 2 million m3  of storage capacity in the Middle East, strengthening its established track record in storage terminal facilities there.

The other awards include an EPC contract for propylene tankage facilities in Singapore as well as an EPC gas pipelines project and mechanical works.

PEC’s new projects are expected to have a positive contribution to the Group’s earnings for the current financial year ending 30 June 2019.

More details in http://infopub.sgx.com/FileOpen/Press%20...eID=524714